UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
_____________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 1, 2023
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Allegiant Travel Company | | | | |
| | (Exact name of registrant as specified in its charter) | | |
| | | | | | | | | | |
| Nevada | | 001-33166 | | 20-4745737 | |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) | |
| | | | | | | | | | |
| | 1201 North Town Center Drive | | | | |
| | Las Vegas, NV | | 89144 | | |
| | (Address of principal executive offices) | | (Zip Code) | | |
Registrant’s telephone number, including area code: (702) 851-7300
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | N/A | | | | |
| (Former name or former address, if changed since last report.) | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | | | | | | | |
| Title of each class | | Trading Symbol | | Name of each exchange on which registered |
| Common stock, par value $0.001 | | ALGT | | NASDAQ Stock Market |
Indicate by check mark whether the registrant is an emerging growth company as in Rule 405 of the Securities Act of 1933 (Section 17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 17 CFR §240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2 Financial Information
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On February 1, 2023, Allegiant Travel Company (“ the Company”) , through a wholly owned subsidiary, entered into a new senior secured revolving credit facility under which it will be able to borrow up to $100.0 million based on the value of new and used aircraft and engines which the Company may choose (subject to certain concentration limits and asset age restrictions) to place in the collateral pool. The facility has a term of 36 months and once placed in the facility, such aircraft and engines may remain in the facility for the duration of the term at Company discretion. Any notes under the facility will bear interest at a floating rate based on SOFR. The proceeds from any drawdowns will be used for general corporate purposes. There is no balance on the credit facility at the current time and this facility will replace the revolving credit facility with the same lender which is set to expire in March 2023.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Allegiant Travel Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | | | | |
| Date: February 7, 2023 | ALLEGIANT TRAVEL COMPANY | |
| | | | |
| | | |
| | | | |
| By: | /s/ Robert Neal | |
| Name: | Robert Neal | |
| | Title: | SVP - Chief Financial Officer | |
